Ordinance 795-81 - Laserfiche WebLink

CITY OF EVERETT, WASHINGTON ORDINANCE NO . 7S-f/ AN ORDINANCE relating to the combined water and sewer systems of the City of Everett, Washington; specifying and adopting a system or plan of addi- tions to and betterments and extensions of the sanitary sewer facilities of that combined system; declaring the estimated cost thereof as near as may be; converting Local Improvement District No. 707 of the City to Utility Local Improvement District No. 1 ; authorizing the issuance and sale of approximately $21 ,900 ,000 of water and sewer revenue bonds to provide part of the funds necessary to carry out that system or plan; creating a con- struction fund; and authorizing the issuance of interest-bearing warrants drawn upon such con- struction fund pending the sale of such revenue bonds. WHEREAS , the City of Everett , Washington (the "City" ) has heretofore by Ordinance No. 536-78 combined its water and sewer system; and WHEREAS , on May 6 , 1981 , the City Council of the City passed Ordinance No. 782-81 ordering the construction and instal- lation of certain sewer improvements serving the Southwest Everett area of the City and established Local Improvement District No. 707 in which such improvement was to be constructed and installed, and no ordinance has been adopted approving and confirming the final assessment roll of such local improvement district; and WHEREAS, pursuant to RCW 35 .43 .043 the City desires to convert Local Improvement District No. 707 into a utility local improvement district; NOW, THEREFORE , THE CITY COUNCIL OF THE CITY OF EVERETT DOES ORDAIN: Section 1 . The City of specifies and adopts a system or plan for making additions to and betterments and extensions of the sanitary sewer facilities of the combined water and sewer system of the City (which combined systems are hereinafter referred to as the "System" ) , which system or plan shall consist of the acquisition,